|
Abstract:
President Leonel Fernandez of the Dominican Liberation Party (PLD), who served as president previously (1996-2000), took office on August 16, 2004. Press reports indicate that, 7 months into his 4-year term, President Fernandez has restored some confidence in the Dominican economy. Since August 2004, the Dominican currency has risen 30% against the U.S. dollar and inflation has declined dramatically. The Fernandez administration has struggled, however, to cope with rising crime rates and persistent electricity shortages. On December 28, 2004, President Fernandez signed a bill repealing a Dominican tax on drinks containing high fructose corn syrup, a major U.S. product, that had threatened the country's chances of being included in the U.S.- Dominican Republic-Central American Free Trade Agreement (DR-CAFTA). On January 31, 2005, the IMF approved a new $670 million loan agreement with the Dominican Republic. For further information, see CRS Report RL32322, "Central America and the Dominican Republic in the Context of the Free Trade Agreement (DR-CAFTA)," coordinated by Larry Storrs. This report will be updated periodically.
| Description: |
Congressional rept. |
| Pages: |
7 |
| Report Date: |
08 MAR 2005 |
| Report Number: |
A793164 |
Report Unavailable |
| This title is unavailable from Storming Media. We do not know when it might be available, if at all. We list the report on our site for bibliographic completeness, to help our users know what other work has been performed in this field. Please note that as with all titles on this site, we do not have contact information for any of the authors. Nor can we give any suggestions on how one might obtain this report. |
|
|
|
|
|
Keywords relating to this report:
Email This Abstract
